China Will Stop U.S. Car Tariffs

China Will Stop U.S. Car Tariffs

BEIJING/WASHINGTON -- China, as expected by the Trump administration, said it will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, following a truce in a trade war between the world's two largest economies. The Ministry of Finance, in a statement on its website Friday, also said it hopes China and the United States can speed up negotiations to remove all additional tariffs on each other's goods as it reduces tariffs from 40 percent to the 15 percent level that was levied before the current trade fight began.